https://www.taxtmi.com/news?id=5016 RBI authorises treating PPP project debts governed by model Concession Agreements as secured lending where the Project Authority's assurances apply, conditioned on escrowed user charges with senior lender priority, prescribed risk mitigation measures (such as tariff increases or extended concession periods), lender rights of substitution and to trigger termination on debt service default, and a compulsory buy out obligation by the Project Authority with pre determined debt repayment upon termination. en-us Fri, 22 Mar 2013 18:45:43 +0530 Fri, 22 Mar 2013 18:45:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=5016 RBI authorises treating PPP project debts governed by model Concession Agreements as secured lending where the Project Authority's assurances apply, conditioned on escrowed user charges with senior lender priority, prescribed risk mitigation measures (such as tariff increases or extended concession periods), lender rights of substitution and to trigger termination on debt service default, and a compulsory buy out obligation by the Project Authority with pre determined debt repayment upon termination. News - Fri, 22 Mar 2013 18:45:43 +0530 https://www.taxtmi.com/news?id=5016